Institute of Rural Management Anand (IRMA) has completed final placements for the 40th batch (2019-21) of its flagship Post Graduate Diploma in Management (Rural Management), the PGDM(RM).
Due to the on-going pandemic IRMA conducted the entire placements process virtually where recruiters and students participated in an online mode. The placements process for the batch of 215 students began on 2nd February 2021, and IRMA secured 100% placements again, despite an economically tough year.
Prof. Aashish Argade chaired the placements activities this year.
105 organizations participated in the placement process making more than 330 offers. The highest package offered was Rs. 19 lakh per annum, and the lowest package was Rs. 5.4 lakhs per annum, across organizations ranging from not-for-profit to for-profit. The median package was Rs. 10.35 lakh per annum and the mean package was Rs. 10.81 lakh. A diverse set of recruiters participated in the campus placement process which included dairy cooperatives, banks, NBFCs, agribusinesses, NGOs and public sector organizations. Out of 215 students in the batch, 27 secured Pre-placement Offers (PPO) based on the work done in internships and live projects. One of the PPOs was an international offer with Mahyco International in the APAC region.
An important highlight of placements this year has been the active participation of several start-ups. While a majority of the positions were in sales and marketing functions, this year also saw organizations recruiting students for mainstream finance, supply chain and procurement roles as well.
A total of 28 students took up offers made by NGOs, Government and Development agencies and CSR foundations. Organizations including Vedanta CSR, NTPC CSR, Brooke India, Foundation for Development of Rural Value Chains (FDRVC), BAIF Development Research Foundation, BRLPS – JEEVIKA, Panchayati Raj-Govt. of Telangana, and Access Livelihoods Consulting (ALC) were other prominent recruiters.
Agribusiness corporations including ITC Agribusiness Division, Dabur India, Godrej Agrovet, Coromandel International, Adani Wilmar, Cargill, among others, participated in the placements. Recruiters from the retail sector included More Retail and Reliance Retail. From the domain of Consulting, Grant Thornton Bharat LLP, CMS, and Technopak Advisors were the prominent recruiters. From the AgTech domain, Reliance Jio, Grow Indigo, DeHaat, Intello Labs, among others, participated.
From the Banking, Financial Services and Insurance (BFSI) domain, ICICI Bank, IDFC First Bank, Axis Bank, Fullerton, Vivriti Capital, Northern Arc Capital, Navadhan Capital, Caspian Impact Investments, SBI General Insurance, IFFCO Tokio General Insurance, Arth Rural, along with small finance banks like Utkarsh SFB, ESAF SFB, participated.
Table 1 below summarises the placement package statistics.
|
Table 1: Placement Package Summary |
|
|
Particulars |
Amount (Rs. lakhs per annum) |
|
Highest |
19.00 |
|
Mean |
10.76 |
|
Median |
10.23 |
|
Average - Corporate Sector |
11.17 |
|
Average - Development Sector |
8.43 |
|
Top 10 Percentile Average |
16.58 |
|
First Quartile Average (Top 25% of the batch) |
14.55 |
|
Upper Half Average (Top 50% of the batch) |
13.05 |
|
Lower Half Average (Bottom 50% of the batch) |
8.47 |
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